BP returns to solar with investment in Lightsource | Reuters These provide the basis for a common set of enduring objectives for bp as we transform the organization consistent with the long-term energy transition. Its recent list of new deals includes plans to leverage its expertise in developing innovative power purchase agreements (PPAs) in Iberia, for example. That's enough to power approximately 86,000 homes in New South Wales. Lightsource BP is a British company with headquarters in London, and offices in Madrid, Milan, Athens, San Francisco, Philadelphia, Mumbai, New Delhi, Cairo, Melbourne, Amsterdam, Bath, Belfast and Dublin. Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt Lightsource BP will continue to publish an annual Gender Pay Gap Report, despite falling below the threshold of businesses required to do so, as evidence of our dedication to fair pay and transparency. The US solar industry is at an important inflection point where it must continue the charge towards delivering 45% of our countrys electricity by 2050 while addressing the risks and uncertainty posed by increasingly volatile solar panel production, pricing, and supply, said Georges Antoun, chief commercial officer, First Solar. About First Solar, Inc. We build, own and operate cost-effective, clean energy projects, and are dedicated to pushing the frontiers of solar and storage solutions, backed by world-class execution capabilities. BP <BP.L> is getting back into solar power six years after its first, failed foray, with a $200 million investment in solar generator Lightsource that the oil and gas firm expects will deliver . From innovative technology, to boosting biodiversity and protecting bees, discover how our solar projects are making a difference. Lightsource bp Feb 2021 - Present2 years 1 month San Francisco Bay Area Provide O&M expertise to asset management team. Our purpose is to deliver affordable and sustainable solar. Led by Emilie Wangerman, Lightsource bp's business development team supported bp in acquiring an additional 9 GW pipeline of projects from 7X Energy, Inc., which will be exclusively developed by Lightsource bp's U.S. team. Delivered by Investis. the Role of Oil and Gas, Sustainability Report 2020 Sustainability at Bp 2020 at a Glance Our Foundations Our Focus Areas Embedding Sustainability External Collaborations Our Reporting, Parent Company Financial Statements of BP P.L.C, DID YOU KNOW? As Americas familyfarmers and ranchers face increasing economic stress, opportunities to partner with solar farms are providing new income streams and in many cases, the ability to expand their operations. Building scale with capital discipline and returns focus. It is just the start for us in Latin America, Souflis adds. To obtain a hard printed copy of bps complete audited financial statements, free of charge, UK based investors should contact bp distribution services by clicking the link above or calling +44 (0)870 241 3269 or by emailing bpdistributionservices@bp.com. If you are passionate about accelerating the energy transition, and looking to join a global collaboration of team members focused on delivering sustainable power, visit our careers page to find out more about working at Lightsource bp. Lightsource bp gets financing for massive Pointe - Business Report November:Lightsource BP wins Snowy Hydro contract to supply 105MWp of solar power in Australia. As we continue to grow and progress our 10GW development pipeline across America, in addition to our partner bps 9GWs, executing significant long-term procurement agreements with bankable, world class suppliers like First Solar enables us to deliver on our growth plans and industry-leading global target of 25GW of solar by 2025. By providing your email address below, you are providing consent to First Solar, Inc. to send you the requested Investor Email Alert updates. Lightsource bp hiring Manager, Storage Application in Denver, Minnesota and corresponding auditors report do not form part of bps Annual Report on Form 20-F as filed with the SEC. If based in the US or Canada investors should contact Issuer Direct by calling +1 888 301 2505 or by emailing bpreports@issuerdirect.com. All rights reserved. Todays announcement reflects the speed in which were moving to deliver these high-quality solar projects. Together with our 50:50 joint venture partner bp, we are reimagining energy and enacting real change on the energy landscape, not just in the USA, but all over the world. 264.7 KB. Lightsource bp is an international solar business. February:a deal to build, own and operate the largest solar facility in Kansas, US, for the Mid Kansas Electric Company is signed. The great majority of this investment will fund Lightsource's. In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and has previously announced plans to build a new 3.3GW factory in India that is expected to be commissioned in the second half of 2023. Lightsource bp Renewable Energy Investments Limited. Solar business Lightsource bp is to partner with Portugal's Dourogas on a number of projects centered around green hydrogen production. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the companys Northwest Ohio footprint to a total annual capacity of 6GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. LONDON, Oct 22 (Reuters) - Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BPs plan to switch away from oil and gas to renewables. All rights reserved. Annual Gender Pay Gap Report Published in the UK | Lightsource bp To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. November:contracts are signed for 25MW of solar power in Western US. Weve made a number of new hires across the Group, and the number of women in higher paying roles has increased, which is something were very proud of. The term shareholder in the bp Annual Report and Form 20-F 2021 means, unless the context otherwise requires, investors in the equity capital of BP p.l.c., both direct and indirect. Were looking at assets in some parts of Europe that definitely offer double digit returns and we are also looking at assets in other parts of the world that are lower than that, he told Reuters in an interview this month. All rights reserved. If it doesnt make money, it means that were not doing good in the world, as we cant do more of it.. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. Information in the bp Annual Report and Form 20-F 2021 reflects 100% of the assets and operations of the company and its subsidiaries that were consolidated at the date or for the periods indicated, including non-controlling interests. This website uses cookies so that we can provide you with the best user experience possible. 2023 Lightsource. We work with businesses and communities around the world to deliver low-carbon solar energy projects. First Solar also operates an advanced recycling program that recovers more than 90 percent of CadTel for use in new modules. In August 2021 Lightsource bp signed a new power purchase agreement with McDonald's and eBay for a 345MW solar project under development in Louisiana. At Lightsource BP we firmly believe in the importance of a diverse, supportive, equality-driven work force, and were proud of everything weve done to create one. We undertake no obligation to update any of these forward-looking statements for any reason, whether as a result of new information, future developments or otherwise. Lightsource bp Renewable Energy Investments Limited. Lightsource bp and bp Sign Multi-Year Agreement for up to 5 - Yahoo! Sustainability is integrated into our business strategy and operating model at every level. Lightsource and BP Join Forces to Drive Growth in Solar Power About Lightsource bp pdf / of 1 each. Lightsource bp launches Bighorn Solar project in Colorado - powering First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. You must click the activation link in order to complete your subscription. BP are able to deliver more than just solar. The 260-megawatt Impact . Helge Lund, chair Chair's letter pdf / 264.7 KB 2018, The BP partnership has definitely given our whole team confidence. The framework agreements, the largest in First Solars history, will provide modules scheduled to be delivered between 2023 and 2025 to support the companies solar development pipelines in the United States. The BP partnership has definitely given our whole team confidence, Brooks says. Lightsource bp and AEP Energy Partners Sign Power Contract for 188 Megawatt Solar Farm in Indiana. The anniversary of BP's investment in Europe's largest solar developer is coinciding with its announcement of expansion into Brazil, the latest step in the company's growing global footprint As 2017 drew to a close, BP joined forces with a trailblazing company called Lightsource, Europe's largest solar developer. In a statement Thursday, Lightsource bp which oil. Group Results Fourth Quarter and Full Year 2019 Highlights. Lightsource bp is a global leader in utility-scale solar development and management. For more information please visit www.lightsourcebp.com. Lightsource bp is a global leader in utility-scale solar development and management. The consolidated financial statements of the group are on pages 145-253 and the corresponding reports of the auditor are on pages 146-172. Our team includes over 500 industry specialists, working across 15 countries. Such a strategy, known as a farm down, helps bring up the overall returns on a project, Boyle said. Lightsource bp pays for the first $800 of the monthly insurance premium. As a leading developer, financier and operator of utility-scale solar, we have been building and growing meaningful partnerships across the energy transition for over a decade. February 27, 2023. Please refer to the Cautionary statement on page 364 of the full bp Annual Report and Form 20-F 2021 for further information on forward-looking statements. Lightsource BP will continue to publish an annual Gender Pay Gap Report, despite falling below the threshold of businesses required to do so, as evidence of our dedication to fair pay and transparency. ()*, GBp Lightsource bp has obtained environmental permits for 19 solar projects, creating over 5000 jobs and avoiding 900,000 tons of CO2. All rights reserved. Lightsource bp, a 50:50 joint venture with bp, unveiled the solar project that will help reduce emissions and support more than 1,000 jobs at EVRAZ's Pueblo steel mill - the world's first steel mill to be powered largely by solar energy. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. BP International Limited. The material on the bp Annual Report webpage (the Material) relates to the year ended 31 December 2021 and is provided for general information only. For more information, please visit www.firstsolar.com. Our sector is fundamentally about financing. Looking ahead to 2019, Souflis and Brooks are set to continue assessing opportunities together in multiple countries where Lightsource BP has no presence, at the moment, but where solar makes sense and where the BP name provides a strategic advantage. Lightsource bp offers comprehensive third-party O&M services, covering all aspects of solar operations and maintenance. To obtain a hard printed copy of BP's complete audited financial statements, free of charge, UK based investors should contact bp Distribution Services by clicking the link above or calling +44 (0)870 241 3269 or by emailing bpdistributionservices@bp.com. The full details of our Gender Pay Gap Report 2018can be found here. The project will be the largest solar project in the state and will help McDonald's and eBay meet their sustainability goals and advance their commitment to climate action. With First Solars expansion in the United States and India and optimization of its existing fleet, the company anticipates that its nameplate manufacturing capacity will double to 16GW by 2024. The full details of our Gender Pay Gap Report 2018 can be found here. August:further US expansion is announced with the acquisition of six solar development assets in Pennsylvania and Maryland. The development of our projects are underpinned by our core values, ethically focussed and climate conscious. Lightsource bp and bp have signed a multi-year agreement for up to 5.4 gigawatts of First Solar modules to be delivered between 2023 and 2025 (Photo: Lightsource bp) Order includes up to 4.3GW for . As the first person on the ground when entering a new territory, he has found that, over the past year, the BP name has opened a lot of doors. Designed and developed at its research and development (R&D) centers in California and Ohio, First Solars responsibly produced advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. Brooks has a Winston Churchill quote in mind: Now, this is not the end. Lightsource and bp celebrate five-year anniversary. When I think about how weve grown as a company, its very, very different to just adding megawatts we have also added great talent and continued to mature and innovate for clients and other stakeholders to stay ahead of the competition, says Brooks. New Mexico Delivered by Investis. Lightsource bp, Schroders Greencoat and H&M Group announce the completion of two new solar power stations in Leicestershire.

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